Stuart Alderoty, Ripple's Chief Legal Officer (CLO), discussed cryptocurrency regulation in the United States. Alderoty stated that we need to stop prioritizing politics over sound policy in the United States and focus on the clear frameworks and licenses developed by Singapore, the UK, the EU, and Dubai. Alderoty explained that countries and regions outside the United States have "reasonable" cryptocurrency regulations, citing Singapore, the UK, the EU, Dubai, Brazil, Australia, and Japan as examples. He emphasized that these countries have "reasonable regulatory frameworks that do not necessarily drive innovation, but instead say, hey, look, if you want to come into our country and develop this innovation, you can do it as long as you meet our strict regulatory regime." In contrast, in the United States, we have lost our way because our politics and power are above sound policy. Certain institutions in the United States are fighting for technical control from a regulatory perspective, rather than focusing on the right policy outcomes.
All Comments